Actuary, Model Risk

At Genworth, we empower families to navigate the aging journey with confidence. We are compassionate, experienced allies for those navigating care with guidance, products, and services that meet families where they are. Further, we are the spouses, children, siblings, friends, and neighbors of those that need care—and we bring those experiences with us to work in serving our millions of policyholders each day.

We apply that same compassion and empathy as we work with each other and our local communities. Genworth values all perspectives, characteristics, and experiences so that employees can bring their full, authentic selves to work to help each other and our company succeed. We celebrate our diversity and understand that being intentional about inclusion is the only way to create a sense of belonging for all associates.

We also invest in the vitality of our local communities through grants from the Genworth Foundation, event sponsor ships, and employee volunteerism.

• Make it human. We care about the people that make up our customers, colleagues, and communities.
• Make it about others. We do what's best for our customers and collaborate to drive progress.
• Make it happen. We work with intention toward a common purpose and forge ways forward together.
• Make it better. We create fulfilling purpose-driven careers by learning from the world and each other.

Actuary, Model Risk

Richmond, VA

Remote US (Eastern or Central Time Zones)

This position is available to Virginia residents as Richmond, Virginia in-office applicants.

• A Hybrid schedule of both Remote and In-Office days is required. In office days are Tuesday, Wednesday and Thursday with working hours targeting our core business hours of 9am-5pm EST.

This position is available to remote applicants residing in states/locations under Eastern or Central Standard Time:
Alabama, Arkansas, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nebraska, New Hampshire, New Jersey, New York, North Carolina, North Dakota, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Vermont, Virginia, Washington DC, West Virginia or Wisconsin.

• A Hybrid schedule of both Remote and In-Office days would be required if you reside within 50 miles of a Genworth | Care Scout office with working hours targeting our core business hours of 9am-5pm EST.

As an Actuary and member of the Model Risk Team, you will assess and manage model risk for Genworth's US Life Insurance, Care Scout Insurance, Care Scout Services businesses, and Genworth’s Investment and Corporate functions. You will lead independent model validations, partner with model owners and business leaders, and help advance best-in-class model risk management practices across the enterprise.

• Lead independent model validations for actuarial, finance, investment, and data science models
• Validate that models are fit for purpose and functioning as expected based on their design, input data, methodology, and output
• Provide effective challenge on model rationale, reliability, stability, robustness, and limitations
• Identify model issues, confirm their resolution, and document validation findings for both technical and non-technical audiences
• Collaborate with model owners, developers, and business leaders to deliver independent, value-added model risk management
• Assess the enterprise’s inherent and residual exposure to model risk based on its business processes, and risk management strategies
• Contribute thought leadership and insights on modeling, model risk management, model controls, and model governance
• Improve the efficiency and efficacy of existing model risk management processes
• Share industry knowledge, best practices, and notable validation findings with the Model Risk Team

• Bachelor’s Degree in a quantitative discipline
• Fellow of Society of Actuaries (FSA) or Associate of the Society of Actuaries (ASA); FSA preferred
• 7+ years of relevant experience…